Henrico-based Brink’s Co. completes acquisition of Dunbar for $520m

John Reid Blackwell | Richmond Times-Dispatch

The Brink’s Co.  has completed its $520 million acquisition of Dunbar Armored Inc., combining the nation’s second- and fourth-largest competitors by revenue in the cash management and secure logistics industry.

Combined, the two companies are expected to exceed $1.1 billion in annual revenue in the U.S., surpassing the current top competitor, Loomis Armored US LLC, a division of Swedish-based Loomis AB.

Brink’s, which has about 80 employees at its Henrico office, said it expects to realize about $40 million to $45 million in annual cost synergies related to route density, branch optimization and administrative efficiencies.

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